Statistics kept by the Canadian Bankers Association show the number of mortgages in arrears (people that are behind on their payments more than 3 months) has grown significantly in Canada since the economic downturn in October of 2008. As a real estate investor we have the ability to help these people who have mortgage delinquencies and be able to make great money in the process.
There are various financial situations people get themselves into and we need to have many ways to be able to “spin” each deal both for the benefit of the person in trouble and ourselves.